According to a survey from Bitstamp which was released on April 26, most investors plan to spend more on crypto in the next five years. The increase is due to both retail and institutional investors looking to delve further into the crypto sector.
The survey found that 73% of retail investors and 72% of institutional investors stated that they plan to buy more tokens over the next five years.
These results indicate that while the market is currently bearish, most investors are still looking to increase their holdings in crypto. The fact that both retail and institutional traders plan to purchase more coins shows a long-term bullish sentiment on the market as a whole
The “Crypto Needs Innovation” survey, by Bitstamp exchange stated that it had spoken to “5,502 institutional investment decision-makers and 23,113 retail investors” from 23 countries in North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific nations in order to “understand the attitudes, applications, and ambitions for crypto, now and in the near future.”
The survey showed that crypto-related sentiments are mostly positive, 80% of retail and 73% of institutional respondents believe that crypto will go mainstream within the next 10 years. Most said this will become the case within the next five years, with almost 15% of retail investors stating that crypto was “already mainstream.” Fewer than one in 10 of both groups stated that crypto would never be accepted by the mainstream.
Alex Adelman, the CEO and co-founder of the crypto rewards program Lolli, stated that bitcoin (BTC) has “reached a new phase of mainstream adoption,” with companies and countries now “integrating bitcoin without waiting” for the token’s “price to skyrocket.”
He added that Lolli saw an “incredible amount of retail spend on the bitcoin network” in 2019, with a total of $3.8 million spent on the network’s programmable Lightning Network (LN).
He claimed that bitcoin’s price has “stabilized at around USD 40,000 in the near term,” pointing to a series of recent adoption cases, such as the Central African Republic’s adoption of bitcoin as legal tender, all while BTC “hung between USD 39,000 and USD 41,000.”
Lolli CEO Alex Adelman said that the service’s new product launch is meant to appeal to a “wider demographic,” as buying BTC with cashback requires no “technical know-how.”
Adelman concluded that institutions and even nations no longer “need dramatic price movements to prove” the worth of BTC investments, with public and private bodies confident with using BTC to “directly deal with the general public’s financial future.”